Many people believe that they can save a considerable amount of money by selling their own property on their own. At ERA we of course charge clients the market rate of 2% before GST for property sales of private property – both residential and commercial. And in the case of HDB, our dedicated statutory board conducts seminars on how to get through the paper work, the legal process and the entire transaction process with would be HDB sellers. So creating in many people thinking that since so many others have resolved their own property sales without much hassle, it shouldn’t be that difficult to handle my own.
However, before you embark on this arduous task in aspiring to be among those that have successfully sold their own property, you need to evaluate for yourself what is exactly involved in the entire transaction, and how it would eventually affect you and perhaps your family members as well.
The process involves pricing your home accurately, determining whether or not a buyer is qualified, creating and paying for your own advertising is just the tip of the iceberg.
The best reason for working with a real estate broker is the enormous amount of information they have at their disposal – information that can help make your house sell faster and easier. Professionals know about market trends, houses in your neighborhood, and the people most likely to buy in such neighborhoods. They also know how to reach the largest number of people who may be interested in your house (both through old-fashioned sales skill and the Internet resources of a reputable real estate company), and are trained in areas like screening potential buyers and negotiating with them. Finally, they’re always “on-call,” and willing to do the things most of us don’t: working on the weekends and answering the phone at all hours.